A landlord's son, who lives elsewhere, has been handling tenant acquisition and related tasks for her rental property. The landlord wants to know if the rental income must be claimed by the property owner or if a family member can claim it instead. Additionally, the landlord is renting a unit at significantly below market rate and wants to know if the difference can be claimed as a rental loss.

July 14th, 2024

My brother signed a promissory note to my father to buy his land. My father instructed my brother to keep the money and give the remaining $300,000 to my sister and myself when he died. Now that my father has passed away and my brother is the executor of the estate, he wants to pay off the promissory note and write a check to both my sister and myself for the remaining amount. If my brother writes me a check from his personal account, can I claim it as inheritance from my father and not pay taxes on the money, or should my brother pay the money into the estate as an asset to the estate to be distributed so I will not have to pay inheritance tax?

May 7th, 2023

I have a tax question about my business that sells collectables on Amazon. Amazon will give my business a 1099 for all the sales I've made. Part of my sales come from an agreement with a local company that allows me to sell their collectables on Amazon, taking a percentage of sales. How should I report this? Specifically, which forms, lines, and boxes should I use?

November 17th, 2023

I am a US citizen living in Illinois and I am about to inherit money from a relative who used to live in Wyoming but moved to Canada for business opportunity. Has since deceased. Is there a federal inheritance tax on the money (approx. 6-7 million) when I file my tax return?

October 14th, 2024

I have a New York state tax liability from 10 years ago. I have been living in Nevada for the last 5 years. Can New York state garnish my Nevada wages?

November 14th, 2023